Switching off gas networks could cost more

Switching off gas networks could cost more
Gas: should we switch it off? (Image: NZME)
Ian Llewellyn
Switching off New Zealand’s gas networks would cost users more over 25 years than keeping them running, according to a new study by consultancy Castalia.The analysis, commissioned by the Gas Industry Company, found that if prices held at historic levels, switching off the gas network in 2029 would increase consumer costs by about $1 billion over the 25-year forecast period.Assuming gas supply remains over the period, energy costs are the decisive factor in the calculation: if gas prices rose 70% or if electricity and LPG prices fell 60%,...

More Energy

Green light for solar farm near Greytown, Wairarapa
Law & Regulation

Green light for solar farm near Greytown, Wairarapa

Far North Solar Farm and the local council still need to work out conditions.

Genesis expands solar pipeline with new Waikato project
News in Brief

Genesis expands solar pipeline with new Waikato project

Genesis Energy has announced plans to acquire and develop a solar farm in Waikato from PGP, an international solar farm developer.The consented site is at Rangiriri, between Auckland and Transpower’s planned new substation at Glen Murray and close to Genesis’ 200-megawatt-hour (M...

Ian Llewellyn 30 Oct 2025
Contact Energy expands global investor base
Markets

Contact Energy expands global investor base

Contact Energy priced an inaugural €500 million (NZ$1.01b) 7-year senior bond under its Euro Medium Term Note (EMTN) Programme, it said Friday.“This marks a milestone in Contact’s funding strategy, expanding our global investor base and reinforcing our commitment to sustainable f...

Rebecca Howard 24 Oct 2025
Kominik resigns from Electricity Authority, will start review
News in Brief

Kominik resigns from Electricity Authority, will start review

Electricity Authority chair Anna Kominik has announced her resignation but will stay in the job until her successor is found.Energy Minister Simon Watts said Kominik will also start a board-led organisational review of the authority.The announcement follows the Government's r...

Ian Llewellyn 22 Oct 2025